China Announces Implementation of 'Anti-Foreign Improper Extraterritorial Application Law'
NQ Score
87/100
AI Summary (NQ-processed)
China today announced the implementation of the 'Anti-Foreign Improper Extraterritorial Application Law,' which stipulates that if foreign countries implement improper extraterritorial measures that harm China's national sovereignty, security, and development interests, and infringe upon the legitimate rights and interests of Chinese citizens and organizations, the Chinese government has the right to take various countermeasures, including trade, investment, and extraterritorial jurisdiction. This ordinance is a response to the 'secondary sanctions' imposed by the United States on Chinese companies and was announced ahead of the Xi-Biden summit.
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Frequently Asked Questions
- Q: What is the purpose of China's newly enacted 'Anti-Foreign Improper Extraterritorial Application Law'?
- A: Its purpose is to safeguard China's national sovereignty, security, and development interests, and to protect the legitimate rights and interests of Chinese citizens and organizations from improper extraterritorial measures by foreign countries.
- Q: What countermeasures does this law stipulate?
- A: It stipulates various countermeasures including those in trade, investment, diplomacy, entry and exit, international cooperation, and foreign aid.